Investments

Investors pulled $4 billion out of exchange-traded funds that invested in emerging markets last year, making them the least-popular form of ETFs in 2011.

Investors pulled $4 billion out of exchange-traded funds that invested in emerging markets last year, making them the least popular form of ETFs in 2011.

The Dow Jones Industrial Average shed 33.07 points to close at 12,675.75 Tuesday while the S&P 500 trimmed 1.37 points to finish at 1,314.63.

Payroll and benefits outsourcing provider Paychex has launched Paychex Advisor Select 401(k), an offering designed for fee-based financial advsors.

State Street Corporation announced the expansion of its global servicing capability for exchange traded funds. Now leveraging state-of-the-art cloud-enabled technology, State Street’s ETF servicing solution, TotalETFSM, drives full automation of an ETF.

BATS Global Markets (BATS announced the iShares MSCI Norway Capped Investable Market Index Fund will begin trading today on BATS Exchange, the first of nine new exchange traded funds sponsored by BlackRock to begin trading on the Exchange beginning this week

Electronic alpha capture is poised to become a major workflow tool for every portfolio manager and broker-dealer to help prioritize insights gleaned from incoming data and options, a new report from Tabb Group indicates.

Electronic alpha capture is poised to become a major workflow tool for every portfolio manager and broker-dealer to help prioritize insights gleaned from incoming data and options, a new report from Tabb Group indicates.

Aston Asset Management announced that its mutual fund assets under management exceeded $10 billion, as of the close of business on January 19. Aston surpassed the $10 billion mark shortly after celebrating its five-year anniversary.

Firsthand Technology Value Fund said that Facebook is now its largest holding, representing more than 5% of the fund’s net assets. Yelp, another social networking company, is also among the fund's top five holdings.

Savvis has added low-latency connections to an “open access’’ exchange for interest-rate swap futures.

Even as the company sets out on a second round of cost-cutting in Project New BAC, chief executive officer Brian Moynihan said the company considers Wealth Management one of its core businesses – and will increase efforts to build it up.

Columbus, Ohio-based Beacon Hill Fund Services announced their first customer for its new Advisors Investment Trust product. The product enables multiple unaffiliated registered investment advisors to co-exist in the same registered investment company.

Stocks kicked off the week with slight losses Monday as the Dow Jones Industrial Average fell 11.66 points to close at 12,708.82.

Fidelity Investments said it added five countries and five currencies in its online international investing service.

The SEC said it is instituting proceedings to determine whether a proposed rule change involving minimum quotation sizes for over-the-counter stocks should be disapproved.

Vanguard Chief Investment Officer Gus Sauter challenged the ETF industry to be responsible in developing new products and called for greater efforts to educate investors about ETFs.

Investors are getting fixated on fixed income, in the next wave of global investing. A Q&A, with Gregory E. Johnson, new Chairman of theInvestment Company Institute

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Firsthand Technology Value Fund announced that Facebook is now its largest holding, representing more than 5% of the fund’s net assets. Yelp, another social networking company, is also among the fund's top five holdings.